Recap Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed the week above Y-0 and below midpoint.
Outlook Y+1 / B-0 resistance will give us a drop down to Y-1 / B-2 and can unlock the open gap below.
Lawrence's Comment
Recap
NQ did not zoom higher and failed to clear Y+1. That opened the door to retest of Y-0 and we got that from a fierce gap down. NQ bounced ...
Lawrence's Comment
Recap
A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week ...
Nasdaq 100 Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed the week above Y-0 and below midpoint.
Outlook
Y+1 / B-0 resistance will give us a drop down to Y-1 / B-2 and can unlock the open gap below.
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